About the Enterprise Governance Forum
The Enterprise Governance Forum is a regular webinar series inviting guest speakers to discuss relevant governance topics.
A list of upcoming events are highlighted below. Please click the event to register your interest and attendance.
ASIC and Regulation: have things really changed since Hayne?
Tuesday, November 9, 2021 | 4:00 - 5:00 pm QLD time
ASIC and Regulation: have things really changed since Hayne?
Presented by Niall Coburn | Regulatory Intelligence Expert | Thomson Reuters, Asia Pacific Region
Two years after Commissioner Kenneth Hayne presented his final report to the Federal Government, approximately 50% of the 76 Recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry remain to be implemented. Hailed as a catalyst for governance reform, the “Hayne Royal Commission” was thought to be the start of fundamental regulatory change in governance propriety.
Tuesday, October 5, 2021 | 4:00 - 5:00 pm QLD time
Public Health Governance: challenges in a post-pandemic world.
Presented by Mike Willis | Chair | West Moreton Hospital & Health Service
A global pandemic, soaring government debts and deficits, deteriorating community health, increasing service demands and litigation, and a stretched and exhausted workforce? Who would want to serve on the board of a public health provider?
This session will explore the governance, strategic, clinical, risk and stakeholder engagement challenges facing public health boards in Australia and globally.
- How boards tackle digitisation and innovation in the public sector
- Managing expectations of governments, media and communities
- Balancing clinical quality with the demands of budgets and service demands
- Overseeing performance and culture without becoming operational
Tuesday, 7th September 2021 | 4:00 - 5:00 pm Qld Time
Directors and Officers Fiduciary and Best Interest Duties - navigating a legal minefield.
Presented by Dr. David Millhouse, Honorary Adjunct Senior Research Fellow | Bond University, Managing Director, Author.
In this webinar David will discuss the 21st century directors dichotomy: how to manage competing and conflicting statutory fiduciary and best interest obligations under the Corporations Act, other statutes, and in the general law. Increasingly, as statutory contextual formulations of best interest grow these obligations are at odds with each other, particularly as there are different and conflicting interpretations of fiduciary duty in Australia and more so where directors have to satisfy foreign investors or foreign operations. Navigating this legal minefield is becoming more difficult as directors balance issues such as increased social activism and social media reputation risk. A fascinating dichotomy that will only increase in complexity and a discussion worth having within the governance community.
Tuesday, July 13, 2021 | 4:00 - 5:00 pm QLD time
Not if, but when: emerging legal liabilities for directors and officers for lapses in Information Security Governance
Presented by Steven Dewhurst | Semester Professor | Faculty of Law, Bond University
In a speech to the Financial Services Assurance Forum in November 2020, Geoff Summerhayes, a Member of APRA’s Executive Board, noted that “… too many boards still lack visibility or understanding of the problems, while internal audit functions can lack the specialist skills to challenge boards and management to plug urgent gaps …”. Mr Summerhayes was speaking about the growing threat of cyber crime faced by corporate Australia.
APRA regulates Australia’s largest and most sophisticated financial institutions; entities one might expect can attract the best and brightest minds to oversee them, and have the deepest resources to invest in grappling with the ever-increasing challenge of cyber-security. Mr Summerhayes’ observations ought, therefore, to raise concerns. If APRA’s regulated entities are falling well short of expectations, what can we expect of the rest of corporate Australia in this regard? Anecdotal evidence of daily lapses in the governance of information security suggests only one answer: not much.
Explaining cyber security to a board of directors has recently been described by one prominent Chief Information Security Officer as trying to teach them a new language and a complicated subject at the same time. A quarter of a century after Daniels v Anderson, which articulated a duty for directors to ensure that they understand what is going on within the company they oversee, we are confronted with a conundrum: if the law requires directors to understand an area few of them have the technical competence to grasp, how can directors protect themselves from the risk of liability for information security lapses which are now regarded as inevitable, not just possible?
In this seminar we will examine how theories of legal liability are being constructed for a management responsibility that has been hidden in plain sight until very recently, and suggest that the solution to the governance shortcomings which are an increasing concern of corporate regulators is not more regulation or to make an already complicated subject ever more complex; it is, instead, the opposite: a complicated subject like information security risk needs to be articulated by those who understand it best, in a language those who need to understand it can comprehend.
Tuesday, 8 June 2021 | 4:00 - 5:00 pm QLD Time
COVID - the 100 year event: risk lessons learnt
Presented by Tom McLeod, Chief Audit and Risk Officer | RMIT University
One Year in from the Once in a Hundred Year Risk Event – What Were the Risk Management Lessons Learnt
The Bill and Melinda Gates Foundation produces an annual report which measures the global progress of key health measurements. The report notes that its data partner – the Institute of Health Metrics and Evaluation, an independent global health centre at the University of Washington – had observed that in respect of the Coronavirus disease 2019 (“COVID”) impacts:
- Consider vaccine coverage, which is a good proxy measure for how health systems are functioning … found that in 2020 coverage is dropping to levels last seen in the 1990s.
- In other words, we’ve been set back about 25 years in about 25 weeks.
So what did we learn about risk management through the turbulent days of this wretched virus?
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